India provides offshore funds 7 months to liquidate holdings if investor knowledge not disclosed: Sources

“There isn’t any fast deadline or cliff for offshore funds to liquidate any holdings,” mentioned the primary of the 2 sources.

They declined to be named as they aren’t authorised to talk to media.

The Securities and Alternate Board of India (SEBI) final yr requested offshore funds which have invested greater than 50 per cent of their belongings underneath administration (AUM) in a single group of firms and have greater than Rs 25000 crore ($3 billion) in Indian fairness markets to reveal their buyers.